For each of the following multiple choice questions, choose the most appropriate answer :
1. In a policy detail of two persons is required in Non Medical Section of Proposal form because :
A. It is a Joint Life Policy
B. It is taken on another Life
C. It is a Whole Life Plan
D. Person being insured is a minor
2. What are the benefits to the policyholder under Surgical. care rider?
A. Number of days admitted in hospital & surgery expenses in full
B. Number of days admitted in hospital & surgery expenses in partial
C. Treatment cost of surgery subject to terms & conditions
D. Lump sum amount what he has incurred
3. Based on which criteria the qualification of agent is determined?
A. Address of the agent
B. Domicile status
C. City/town of appointment
D. Caste
4. The Institute of Insurance and risk management is engaged in providing insurance education and :
A. Regulatiom
B. Redressal
C. Research
D. Repository
5. Prashant buys an Endowment Plan with a sum assured of Rs100,000 and wants to make use of tax benefit under the policy for whole SHow much premium would help him avail this benefit?
A. Less than 10,000
B. More than 10,000
C. Less than 20,000
D. More than 20,000
6. What is the main objective of taking the life insurance policy?
A. Tax benefit
B. Savings
C. Investment
D. Protection
7. If a person gets involved in a dangerous sport activity, before the issuance of policy, which statement is true in terms of Pcril & Hazard?
A. Peril will increase the risk of Physical Hazard
B. Physical hazard will increase the risk of Peril
C. Peril will reduce the risk of Physical Hazard
D. Physical Hazard will reduce the risk of Peril
8. Dctarification of TAC will help :
A. Pricing can be decided based upon risk assessment by insurer
B. Reduce the pricing
C. Increase pricing
D. Pricing as per the rnarket trend
9. Consensus ad idem specifically describes which feature of valid contract?
A. Capacity to contract
B. Direct contact with each other
C. Same understanding
D. Consideration
10. Ashok is a young married man with beautiful young wife and two kids. which types of insurance projects should he select?
A. Contingency funding
B. Health insurance
C. Housing Loan insurance
D. Retirement benefit insurance
11. In life insurance business if a person is working in calculating premium rates of insurance products, he is most likely a member of :
A. Institute of Actuaries in India
B. Acturial Society of India
C. Institute of Chartered Accounts
D. All of these
12. If Rahul buys a joint life plan along with his wife, then according to the IRDA's code of conduct for agents, the agent has to act in the interest of :
A. Rahul only
B. Rahul and his wife
C. Rahul and insurer
D. Rahul, his wife and insurer
13. customer receives automatic payments twice in gap of 5 years in his policy and after 1 year, on his death his nominee receives entire amount again. Which policy do you think he has?
A. Endownient
B. Money Back
C. Term Plan
D. Annuity
14. If customer has mentioned he is drinker in the proposal form, the insurance company can exclude this hazard and mention it in which part of the policy document?
A. Provisio
B. Endorsements
C. Operative clause
D. Terms and Conditions
15. Kanial is willing to pay 60,000/- per annum for his ULIP policy. What should be the SA if he wants to avail the tax benefits?
A. 1 lacs
B. 3 lacs
C. 2 lacs
D. 1.5 lacs
16. In case of presumption of death :
A. Not necessary to pay premium until court decree
B. Necessary to pay premium until court decree
C. Claim not admissible
D. None of these
17. Ram and Shyam, both have taken life policy from same company through same agent for same perioDuring ttie process of disclosure, the agent has revealed that he obtains more commission from Ram. What may be the probable reason for the same?
A. Shyani has taken more number of poticies that is why he has been given concession
B. Ram's policy is having rider
C. Ram is oldcr than Shyam
D. Ram is having wife and children, where as Shyam is unmarried
18. Mohit has two kids, one of 6 years and other 8 years. He is the earning member and not having life cover. Before advising him to take health policy, what whould you advise him?
A. Health policy for child
B. Health policy for wife
C. Life insurance policy for wife
D. Life Insurance policy for himself
19. What is the ceiling of tax exemption under section 80C of Income Tax Act?
A. 1 lakh
B. 1.5 lakhs
C. 2 lakhs
D. 3 lakhs
20. Ajay is married with 2 kids 2 years and 4 years. After fact finding it is found that Ajay has few needs like Income Protection, Child Education, Health & pension etfor which he has no cover so far. As an agent what you will suggest as his lowest priority?
A. Health Plan
B. Child Education Plan
C. Life Insurance Plan
D. Pension Plan
Electrician Books
Rs405 |
Rs405 |
Rs270 |
Rs278 |
|
Rs270 |
Rs279 |
Rs315 |
Rs315 |
|
Rs216 |
Rs225 |
Rs180 |
Rs180 |
|
Rs315 |
Rs279 |
Rs342 |
Rs279 |
|
Rs505 |
Rs536 |
Rs217 |
Rs250 |
|
Rs258 |
Rs299 |
Rs88 |
Rs101 |
|
Rs387 |
Rs315 |
Rs360 |
Rs270 |
Rs245 |
Rs378 |
Rs459 |
 |
Rs187 |
Rs136 |
Rs299 |
Rs266 |
Rs180 |
Rs201 |
Rs39 |
Rs323 |
Rs360 |
Rs260 |
Rs288 |
Rs270 |
Rs323 |
Rs215 |
Rs243 |
Rs160 |
Rs225 |
Rs387 |
Rs315 |
Rs359 |
Rs288 |
Rs270 |
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